Trump Issues Executive Order on Affordable Housing

Date:

President Donald Trump signed an executive order on Tuesday establishing a two-year council to identify regulations that artificially increase the cost of housing development and find ways to improve data available to public and private researchers. The council will also evaluate the effect of regulations on affordable housing specifically.

“It shall be the policy of my administration to work with federal, state, local, tribal and private sector leaders to address, reduce and remove the multitude of overly burdensome regulatory barriers that artificially raise the cost of housing development and help to cause the lack of housing supply,” according to the order.

RELATED: Builders Can Breathe Easy After Quiet Legislative Session

Council members will solicit feedback from federal, state, local and tribal government officials, as well as private stakeholders, to determine laws and regulations that inflate costs and inhibit building.

The order noted that in 2017, approximately 18 million people spent more than half of their incomes on housing, while the percentage of people spending that much on rent increased by nearly 45% between 2001 and 2017.

RELATED: 3 Ways to Reduce Construction Defect Claims

The order called regulatory barriers the “leading factor in the growth of housing prices across metropolitan areas in the United States.” Among the regulations cited specifically in the order are:

  • “overly restrictive zoning and growth management controls;
  • rent controls;
  • cumbersome building and rehabilitation codes;
  • excessive energy and water efficiency mandates;
  • unreasonable maximum-density allowances;
  • historic preservation requirements;
  • overly burdensome wetland or environmental regulations;
  • outdated manufactured-housing regulations and restrictions;
  • undue parking requirements;
  • cumbersome and time-consuming permitting and review procedures;
  • tax policies that discourage investment or reinvestment;
  • overly complex labor requirements; and
  • inordinate impact or developer fees.”

The council is tasked with providing a report on its findings by June 25, 2020, and will be chaired by Secretary of Housing and Urban Development Ben Carson or his designee. The order calls for the council to disband in 2021.

Author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Homes for Heroes Helps Serve

Homes for Heroes affiliate, Sellstate Alliance Realty and Property Management, honors service people in Colorado Springs and Pueblo.

Challenges Lead to Innovation

The future and what it holds for us, near and far, is a topic that occupies our minds and brings both anticipation and anxiety.

Richfield Homes Acquired by Landsea Homes

Dallas-based Landsea Homes has expanded into Colorado, its seventh home building market, by acquiring Longmont-based Richfield Homes.

Related articles

Navigating Defamatory Online Reviews

In Colorado Court of Appeals’ decision in Tender Care v. Barnett, the court provided noteworthy context for builders facing online attacks.

Time to Review Purchase and Sale Agreements?

In a dynamic legal environment, proactivity is the cornerstone of protecting your business interests from assault by plaintiffs’ attorneys.

Mitigating Legal Risks in Urban Sustainable Building

There are a number of legal challenges that can arise for builders when using sustainable building techniques.

Spend Some Time Sharpening Your Ax

With the softening of the market, my hope is that builders can spend time sharpening their risk management axes.